Purpose and benefits

• In the industrial economy, the basic building block of economic activity was the vertically integrated corporation. These companies performed virtually every function in-house because the cost, risk, and hassle of contracting or partnering with outside companies far outweighed the benefits.

• Because the Internet slashes the cost of sharing knowledge, collaborating, and meshing business processes among corporations, companies can now focus on their core competencies and partner or outsource to do the rest.

• Together, in industry after industry, teams of companies—what I call a ‘business web’—are proving more supple, innovative, cost-efficient, and profitable than their traditional competitors.

Related Solutions

Method

Essay on management best practice using case studies and suggested action plans with additional reference sources.

Time to Complete

20 mins

Length

6 Pages

Participants

1

Price

£5 Pounds Sterling
(inc. VAT)